After months of feedback from payers and providers unhappy with a proposal to mandate price transparency in healthcare, the Trump administration unveiled its final rule on the topic.
- The final rule on hospital price transparency is effective January 1, 2021, which is a year later than originally proposed
- A separate proposed rule would also impose price transparency requirements on health insurers.
The final rule gives CMS additional enforcement and auditing capabilities, including the potential for monetary finds of $300 per day. Read the full story…